B

Bank of Maharashtra

MAHABANKNSE
Market snapshot · 2026-08-11 15:21 UTC

78.95

+₹0.07 (+0.09%)

MARKET CAP

₹60.72K Cr

STOCK P/E

8.1x

52W HIGH

₹94.50

52W LOW

₹51.71

BOOK VALUE

₹46.40

EPS

₹9.79

ROE

22.96%

SECTOR

Financials

GROSS NPA

1.45%

VOLUME

1.12Cr

P/B RATIO

1.70x

NET NPA

0.13%

Sector

Financials

Themes

Public BanksPsuPresident of India Portfolio
D
Dividend
₹90.19₹80.24₹70.30₹60.35₹50.40VolumeDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for MAHABANK.

3.00 analysts

Price Forecast

Current
₹78.95
High Target
₹100.00
▲ +26.7%
Median Target
₹96.00
▲ +21.6%
Low Target
₹90.00
▲ +14.0%
Now₹78.95High ₹100.00Median ₹96.00Low ₹90.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
3 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹66.35 - ₹103.2380%
6M₹63.47 - ₹118.5980%
12M₹61.27 - ₹148.3280%
Realized vol: +34.5% · Drift: +24.8%

Revenue Forecast

₹ Cr
Jun '26Current₹8,035.0
Sep 2026 ETrend estimate range
High₹8,858.9Base₹8,202.7Low₹7,546.5
Sep '25: ₹7,128.0 · Dec '25: ₹7,344.0 · Mar '26: ₹7,755.0 · Jun '26: ₹8,035.0 · Sep '26: ₹8,202.7 · Dec '26: ₹8,451.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E7,128.07,344.07,755.08,035.08,202.78,451.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹2.63
Sep 2026 ETrend estimate range
High₹3.07Base₹2.74Low₹2.41
Sep '25: ₹2.12 · Dec '25: ₹2.31 · Mar '26: ₹2.62 · Jun '26: ₹2.63 · Sep '26: ₹2.74 · Dec '26: ₹2.99
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2.122.312.622.632.742.99
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
78%
Analyst Consensus
Weakening

From 3 analysts

Mean upside+20.7%

Fundamentals

Strong

Fundamentals institutional score is 90 using EVA spread proxy 11.0%; growth durability 80.5.

Valuation

Premium valuation

Valuation institutional score is 25 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 83 using mean target upside 20.7%; dispersion penalty 4.2; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 93 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. fundamentals and analyst consensus provide support, while valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price95.3 target
Mean Upside+20.7%
Technical Score93%
Fundamental Score90%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 43.4% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +1.93). Confidence: 79%.

Live forward EPS implies next-12-month EPS of ₹12.50. Applying the stock's normalized valuation corridor produces a fair range of ₹60.62 to ₹78.62, with base value near ₹70.25 (-11.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹12.50

Forward P/E

6.3x

Base Fair Value

₹70.25

Fair Range

₹60.62 - ₹78.62

Upside To Base

-11.0%

Estimate Source

Live forward EPS

Growth Estimate

+34.2%

P/B
Overvalued

5Y Average

1.54

Current

1.70

Overvalued

1.77

Undervalued

1.31

P/E
Strongly Overvalued

5Y Average

4.38

Current

8.06

Overvalued

6.29

Undervalued

4.85

P/S
Strongly Overvalued

5Y Average

2.34

Current

4.30

Overvalued

3.12

Undervalued

1.22

Peers & Comparison

Sector: Financials · Theme: Public Banks

Public Banks Peers8 peers
Avg P/E: 7.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
INDIAN BANK
INDIANBPublic Banks
+10.3%36.4%
9.2x
Premium
+16% vs avg
+32.5%
INDIAN OVERSEAS BANK
IOBPublic Banks
+48.1%36.6%
11.5x
Premium
+46% vs avg
-6.4%
UCO BANK
UCOBANKPublic Banks
+53.0%21.5%
11.7x
Premium
+48% vs avg
-7.8%
BANK OF INDIA
BANKINDIAPublic Banks
+18.5%35.0%
5.3x
Undervalued
-33% vs avg
+24.2%
CANARA BANK
CANBKPublic Banks
-12.9%43.1%
6.1x
Undervalued
-23% vs avg
+17.8%
PUNJAB NATIONAL BANK
PNBPublic Banks
+15.2%38.1%
5.9x
Undervalued
-25% vs avg
+6.5%
UNION BANK OF INDIA
UNIONBANKPublic Banks
40.5%
6.7x
Fair
-15% vs avg
+33.6%
BANK OF BARODA
BANKBARODAPublic Banks
+18.0%27.4%
7.0x
Fair
-11% vs avg
+1.9%
WHY THESE PEERS

BANK OF MAHARASHTRA trades in line with peers (8.1x vs avg 7.9x), reflecting a fair valuation within the Public Banks cohort. Peers include INDIAN BANK, INDIAN OVERSEAS BANK, UCO BANK — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹8.04K CrJun 2026

Latest net profit

₹2.02K CrJun 2026

Free cash flow

₹-11.39K CrMar 2026

Net Profit

₹2.02K CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr2.50K Cr5.00K Cr7.50K Cr10.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-1.50L Cr0.00 Cr1.50L Cr3.00L Cr4.50L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +4,7895,0685,1715,4675,8756,0176,3256,7317,0547,1287,3447,7558,035
Interest2,4492,6362,7062,8823,0763,2113,3813,6143,7623,8813,9224,0534,265
Expenses +1,8812,1642,0762,3392,3492,2192,2692,5612,4142,2742,3482,3112,522
Financing Profit4582683902464505886755568789731,0751,3911,248
Financing Margin %10%5%8%4%8%10%11%8%12%14%15%18%16%
Other Income +6296686801,0228947927889818258459339381,029
Depreciation0000000000000
Profit before tax1,0879361,0691,2671,3441,3801,4621,5361,7031,8182,0072,3292,277
Tax %19%2%3%4%4%4%4%3%6%10%11%14%11%
Net Profit +8829201,0361,2181,2931,3271,4061,4931,5931,6331,7792,0142,020
EPS in Rs1.251.301.461.721.831.871.831.942.072.122.312.622.63
Gross NPA %2.28%2.19%2.04%1.88%1.85%1.84%1.80%1.74%1.74%1.72%1.60%1.45%1.45%
Net NPA %0.24%0.23%0.22%0.20%0.20%0.20%0.20%0.18%0.18%0.18%0.15%0.13%0.13%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +79.60%79.60%73.60%73.60%73.60%
FIIs +1.89%2.35%4.92%5.55%5.82%
DIIs +10.40%10.06%13.50%13.93%14.28%
Public +8.11%8.00%7.97%6.93%6.32%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Interest Rates Updates

Jul 24, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Jul 24, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Credit Rating

Jul 21, 2026PDFCompany Reports Open